Inceptionr LLC Sells 3,387 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Inceptionr LLC lessened its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 36.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,017 shares of the software maker’s stock after selling 3,387 shares during the period. Inceptionr LLC’s holdings in Commvault Systems were worth $908,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Commvault Systems during the third quarter valued at approximately $33,000. TFC Financial Management Inc. boosted its position in shares of Commvault Systems by 294.1% during the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock valued at $61,000 after buying an additional 300 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Commvault Systems during the third quarter valued at approximately $71,000. TD Private Client Wealth LLC purchased a new position in shares of Commvault Systems during the third quarter valued at approximately $105,000. Finally, Blue Trust Inc. boosted its position in shares of Commvault Systems by 37,400.0% during the fourth quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock valued at $113,000 after buying an additional 748 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

CVLT has been the subject of several recent analyst reports. Cantor Fitzgerald boosted their target price on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Oppenheimer assumed coverage on Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price target for the company. Guggenheim reiterated a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Finally, KeyCorp boosted their price target on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Commvault Systems has an average rating of “Moderate Buy” and a consensus price target of $156.44.

Insiders Place Their Bets

In other news, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the sale, the chief executive officer now directly owns 427,231 shares of the company’s stock, valued at $79,447,876.76. This represents a 2.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gary Merrill sold 3,287 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the completion of the transaction, the insider now directly owns 87,316 shares in the company, valued at $16,322,853.04. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Commvault Systems Price Performance

NASDAQ CVLT opened at $157.93 on Friday. The stock’s fifty day moving average price is $165.26 and its 200 day moving average price is $160.33. Commvault Systems, Inc. has a 1 year low of $93.48 and a 1 year high of $190.11. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 41.45 and a beta of 0.65.

Commvault Systems Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.